Parliamentary Committee Discusses Nepal Rastra Bank Act Amendment Bill
Summary
Nepal's Federal Parliament Finance Committee discussed amendments to the Nepal Rastra Bank Act focusing on central bank autonomy, board structure, and fintech developments.
Key Points
- Preliminary discussions were held on the Bill to Amend the Nepal Rastra Bank Act, 2058, focusing on central bank autonomy and board structure.
- RSP MP Lima Adhikari Acharya proposed excluding the Finance Secretary from the board to strengthen autonomy and including mandatory female members.
- Suggestions included establishing a Monetary Policy Committee and reducing the cooling period for bank employees from three to two years.
- Concerns over digital banking costs and cryptocurrency risks were raised, urging strategic guidance and coordinated legal amendments.
